DMCC registers 2,692 new companies in 2023, its second-best year on record
Dubai, UAE -- A total of 2,692 new companies joined Dubai Multi Commodities Centre (DMCC) last year, bringing the total...
Business
Over 105m people visit Dubai Mall in 2023
DUBAI, UAE – Dubai Mall welcomed a record 105 million visitors in 2023, a jump of over 19 percent on...
Business
Economy
Dubai has comprehensive plans to ensure food security: Crown Prince
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum was on a tour of Bustanica, the world’s largest vertical farm that...
- The Dubai Food Security Committee constantly reviews current opportunities and challenges within the national food security strategy framework, he said.
- The crown prince said Dubai will continue pursuing ways to strengthen the emirate’s resilience and food sustainability irrespective of the global environment.
Business
Kuwait’s National Fund shored up 132 SMEs during pandemic
Kuwait's National Fund for SME Development (SME Fund) has helped resolve the problems of 132 small and medium-sized enterprises (SMEs)...
- Founded in April 2013 under Act 98, the government Fund approved establishing 1,422 projects and joint agreements with 992 SMEs.
- Some SMEs offered essential backing to the national economy during pandemic in areas such as medical services, logistics and foodstuff.
Business
Non-Arab foreigners invest $4.23bn in UAE stocks since Jan 2022
According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors purchased local stocks worth AED70.27bn from the beginning of...
- The purchases of non-Arab foreign investors in the Dubai Financial Market totaled some AED18.75bn since the start of this year.
- The UAE has been ranked first in the Arab world and 19th globally for its ability to attract foreign direct investment in a report by UNCTAD.
Business
Trakhees reports 22 percent H1 growth in commercial licensing business
Dubai’s Department of Planning and Development, Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation, has completed...
- The Licensing Department provides corporate licensing services to local and free zones and government bodies including issuing work permits, establishment cards and NOCs.
- The demand for local licensing services by customers, both individuals and companies, to reach 7,067 transactions from January to June of this year.
Geostrategy
Jordan elected to global body to end plastic pollution
Jordan won the direct election to become a member of the Intergovernmental Negotiating Committee to End Plastic Pollution, which is...
- Jordan won the election to become a member of the Intergovernmental Negotiating Committee to End Plastic Pollution
- The international body to find ways to end plastic pollution is expected to produce an agreement by 2024
Geostrategy
Jordan, Tunisia explore higher education cooperation
Jordan Minister of Education, Higher Education and Scientific Research Wajih Owais on Tuesday met Tunisian ambassador in Amman Khalid Suhaili...
- Jordan Minister of Education, Higher Education and Scientific Research discussed about higher education with Tunisian ambassador in Amman
- The two officials deliberated upon the establishment of a universities forum between the two nations
Business
Iraq to build four free-trade zones, two along Jordan and Saudi borders
Iraq plans to establish free-trade zones adjacent to Baghdad and Najaf airports and another one near the Iraqi-Jordanian border, which...
- Two free zones will be established adjacent to Baghdad and Najaf airports, says Iraq’s Free-Trade Zone Authority
- All the factors necessary for the success of the free industrial, commercial or multi-activity zones exist in the country, it adds
Economy
DEWA alert service reduce 217,370 tons of carbon emissions
Dubai Electricity and Water Authority (DEWA) has announced that its High-Water Usage Alert service has helped to reduce 217,370 tons...
- DEWA's High-Water Usage Alert service sends instant notifications to customers to quickly conduct necessary maintenance to reduce wastage
- These alert services helped identify 1,062,781 water leakage reports, 23,199 defects, and 11,566 cases of increased load
Geostrategy
Kuwait appoints Nasser Al-Hein as permanent envoy to UN
Nasser Al-Hein has enjoyed a prolific diplomatic career, having represented his country in a slew of international events over the...
- Al-Hein submitted his credentials to Tatiana Valovaya, head of the UN Office in Geneva
- The UN official while accepting the Kuwaiti diplomat's credentials praised the country's humanitarian devotion and its ties with the UN
Geostrategy
Iraq, US discuss efforts to combat money laundering, terror funding
The Governor of the Central Bank, Mustafa Ghalib, received the US Ambassador to Iraq, Alina Romanowski, and her accompanying delegation.
- The Governor of the Central Bank, Mustafa Ghalib, received the US Ambassador to Iraq, Alina Romanowski, and her accompanying delegation
- Ghalib reviewed the efforts of the Central Bank to support development through monetary policy means and the direct impact of its initiatives
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DMCC registers 2,692 new companies in 2023, its second-best year on record
Dubai, UAE -- A total of 2,692 new companies joined Dubai Multi Commodities Centre (DMCC) last year, bringing the total...
Business
Company News
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SCCI discusses trade with Guatemalan, Indonesian delegations
SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has discussed strengthening trade and economic ties with diplomatic...
Geostrategy
Environment ministry reclassifies 64 air quality monitoring stations in UAE
DUBAI, UAE - As part of the Year of Sustainability initiative, UAE Ministry of Climate Change and Environment (MOCCAE) has...
Science
Art Dubai 2023 generates US$39m in economic impact, says new study
DUBAI, UAE - Art Dubai, the leading international art fair for the Middle East and Global South, on Sunday announced...
Economy
Most Read
Geostrategy
UAE to implement support scheme for low-income farm owners
DUBAI, UAE - The Ministry of Community Development and Etihad Water & Electricity have announced the implementation mechanism of the...
- The support aims to reduce the financial burden related to electricity bills, as part of an integrated and holistic approach to help low-income families in UAE.
- Beneficiaries can check the monthly support amount by referring to their farms’ consumption bill through Etihad Water & Electricity’s service channels.
Geostrategy
UAE discusses clean energy partnerships with Germany, Netherlands
ABU DHABI, UAE - A senior UAE official of the Ministry of Energy and Infrastructure (MoEI) visited Germany and the...
- Over 11,500 decision-makers, energy ministers and CEOs from over 100 countries participated in the World Hydrogen Summit 2023 in Netherlands.
- A senior UAE official provided an overview of the country's energy transition, with a focus on its hydrogen industry.
Business
MoFAIC, Burjeel Holdings ink MoU on healthcare services
ABU DHABI, UAE - UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) and Burjeel Holdings have signed a Memorandum...
- MoFAIC said that it seeks to enhance the quality of life via comprehensive and proactive health and therapeutic services.
- Burjeel Holdings said their healthcare professionals are committed to ensuring the well-being of MoFAIC's employees.